Direxion Changes Indexes for Three ETFs

NEW YORK, Sept. 30, 2016 /PRNewswire/ — Direxion is changing the benchmark indices of two leveraged exchange-traded funds (ETF) and one leveraged inverse ETF. The modifications will take effect on December 01, 2016.

The changes are summarized as follows:

Fund Name

Ticker

Current Index

New Index

Direxion Daily Regional Banks Bull 3X Shares

DPST

Solactive US Regional Bank Index

S&P Regional Banks Select Industry Index

Direxion Daily Regional Banks Bear 3X Shares

WDRW

Solactive US Regional Bank Index

S&P Regional Banks Select Industry Index

Direxion Daily Retail Bull 3X Shares

RETL

Russell 1000 Retail Index

S&P Retail Select Industry Index

 

“We are very pleased to expand our relationship with Standard & Poor’s, whose market indices have long been among the leaders in the industry,” said Sylvia Jablonski, Managing Director at Direxion. “We feel that these S&P indices provide our investors with the most recognizable exposure to these underlying markets.”

Like all leveraged and inverse ETFs, these Direxion products are intended only for investors with an in-depth understanding of the risks associated with seeking leveraged and inverse investment results, and who plan to actively monitor and manage their positions. There is no guarantee that the Funds will meet their objectives.

About Direxion:

Direxion builds bold products for investors who want more than the status quo. Our index-based products deliver directional options, magnified exposure, and long-term, rules-based strategies. Founded in 1997, the company has approximately $10.4 billion in assets under management as of June 30, 2016. Direxion’s diverse suite of products helps investors navigate today’s ever-changing markets. For more information, please visit www.direxioninvestments.com.  

There is no guarantee that the Funds will achieve their objectives.

For more information on all Direxion Shares daily leveraged ETFs, go to direxioninvestments.com, or call us at 866-476-7523.

The ETFs are not suitable for all investors and should be utilized only by investors who understand the risks associated with seeking daily leveraged and inverse investment results, and intend to actively monitor and manage their investments. Due to the daily nature of the leveraged and inverse investment strategies employed, there is no guarantee of long-term inverse returns. Past performance is not indicative of future results.

An investor should consider the investment objectives, risks, charges, and expenses of Direxion ETFs carefully before investing. The prospectus and summary prospectus contains this and other information about Direxion ETFs. Download a prospectus and summary prospectus at direxioninvestments.com. The prospectus and summary prospectus should be read carefully before investing.

Risks:

An investment in the ETFs involves risk, including the possible loss of principal. The ETFs are non-diversified and include risks associated with concentration risk that results from the Funds’ investments in a particular industry or sector which can increase volatility. The use of derivatives such as futures contracts, forward contracts, options and swaps are subject to market risks that may cause their price to fluctuate over time. The Funds do not attempt to, and should not be expected to, provide returns which are a multiple of the return of the Index for periods other than a single day. For other risks including correlation, compounding, market volatility and specific risks regarding each sector, please read the prospectus.

Distributor: Foreside Fund Services, LLC.

 

CONTACT:

James Doyle

JConnelly

973-850-7308

jdoyle@jconnelly.com

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SOURCE Direxion